Its Time to Purchase Your Own Home - Long Beach California Real Estate

The Long Beach Real Estate Home Blog is proud to welcome guest author Bruce Mulhearn.

Bruce T. Mulhearn is viewed as one of the most profound thinkers and analysts in the real estate profession.  He obtained his real estate license in 1960.  In addition, he is a recipient of numerous professional designations from the National Association of Realtors including Graduate Realtors Institute (GRI), Certified Residential Broker (CRB), and Certified Residential Salesman (CRS).

A native of Newcastle-Upon-Tyne, England, he has been a U.S. citizen since 1964.  He is recognized nationally for his contributions as one of the foremost instructors in the industry.  He is president and founder of Prudential California Realty, Mulhearn Group, which opened in 1967 and has grown to 21 offices with some 800 sales associates and is ranked as one of the top 100 real estate firms in the U.S.

"It's Now Time to Purchase Your Own Home!"

Crystal balls are in short supply.  Depending on which periodical, newspaper clipping, or sound bite you receive, speculation on the future runs rampant.  Nobody can provide an exact picture of the future with any degree of accuracy.  One thing that's for sure-the housing crisis varies dramatically depending on what part of the country you live.

On a national basis, California, Arizona, Nevada, and Florida have been hit the hardest with value reductions; however, in retrospect, these are the four states that had by far the most appreciation within a five-year period from 2000 to 2005.

When a headline screams out, "Median Price in California Drops 30% in One Year," that in itself is startling.  The median price in California has fallen to $339,000.  That's the steepest monthly decline in two decades.  But in return, it draws in a tremendous amount of first-time buyers who now see the homes as affordable.   They are no longer priced out of the market.  What we're seeing are prices in 2008 that reflect the same price in 2004.  At the height of the market in May 2007, the median price was at $484,000.

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Posted on July 08, 2008 20:46:06 by Laurie.Manny

Living in a Long Beach Home with a Pool - Safety Tips

Many homes in Long Beach have built-in pools (compared to the Colorado Springs Real Estate market where pools are a scarcity) - and along with all the fun and relaxation that pools can create, there is a definite level of safety precautions involved.

Here are some safety tips for living in a Long Beach CA home with a pool:

• Know how to swim. Make sure everyone IN and AROUND knows how to swim.
• Keep a charged, wireless phone near the pool at all times, in case you need to call 9-1-1

• Make sure that at least one person in/around the pool knows CPR.
• Keep safety equipment around the pool in case of an emergency.
• Do not mix swimming and drinking alcohol. A loss of judgment could mean the difference between life and death around a pool.

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Posted on July 07, 2008 18:47:13 by Laurie.Manny

Downtown Long Beach California - July 2008

Whats going on in Downtown Long Beach?

So many people are downsizing and looking for new diggs in a more urban environment. What I am hearing more often is "I want to be able to walk to stores, coffee shops and entertainment." Where better to live than our very own "Downtown Long Beach". With such a wide variety of choices there is housing available to quench almost any buyers thirst.

Downtown has its very own Historic District replete with early century Craftsman Homes, Victorian Homes, California bungalows and lovely Spanish style homes (Willmore City Historic District). Prefer a duplex, triplex or fourplex; perhaps a stock co-op or an own your own (OYO)? We have those as well, and in all price ranges; from the very affordable to the very pricey.

In Downtown Long Beach, condos both old and new, fantastic loft spaces (urban living at its finest), abound. Prefer a brand new luxury high rise condo on the waterfront or with an ocean view? We have those too! We even have a landmark historic high rise on the ocean that it just to die for gorgeous, have you seen the Villa Riviera lately?

Moving your business here as well? Downtown Long Beach has many commercial properties; office space is available.

Buyers who are thinking about "Relocating to Long Beach" usually ask for particulars about the area. Questions like "What is there to do in Downtown Long Beach"? This question always brings a smile to my face, because our little Downtown is a jumping mecca of entertainment for all types and ages, we have a lil sumptin to entertain just about everybody here.

If you are feeling like a slug, you can sit outside of one of our many coffee shops or restaurants and just people watch; bring your laptop and tap into the Downtown Wireless Hotzone network. Now that may sound pretty boring to some of you, but I assure you Downtown is anything but boring. While you are sitting there, you may hear some incredible jazz or blues and choose to follow those enticing sounds right on over to the Blue Cafe. Stay a while, enjoy the music, play a game of pool, chill out. If it happens to be a Tuesday afternoon, between 11 AM and 4 PM, you can walk across the street to the Farmers market and pick up some fresh fruit and veggies for dinner. Check out the local crafts on display here as well.

The East Village Arts District in Downtown Long Beach hosts the 2nd Saturday Artwalk every month 4 - 10 PM. Enjoy an evening of art, entertainment, food and wine. Hey make a day of it, walk over from the Blue Cafe, its a short walk.

"MOLAA" (The Museum of Latin American Art) is free every Sunday in July 2008, compliments of Target. Hey, thanks Target! Enjoy the Latin Culture of Long Beach free every Friday, compliments of MOOLA.

Enjoy live music concerts monthly at:

• The Vault
• Blue Cafe
• The Cellar
• Downtown Long Beach Summer Music Series
• Seaside Summer Concert Series
• South Coast Chorle in Concert
• The Long Beach Symphony
  

Is the Theater more your bag? We have theater!

• Terrace Theater
• The Garage Theatre
• The Found Theatre

Head on over to the Aquarium of the Pacific for Shark Lagoon Night from 6 - 9 PM, go ahead, reach out and touch one of over 150 sharks. Aw geez, I just never had the guts for this one, but my little niece and nephew shamed me by reaching in and stroking jaws!

The Queen Mary is hosting several very interesting events this July.

• LA Motorcycle Show - July 12-13
• Calendar Girl Music Fest - July 12-13
• Caribbean Summer Music Festival - July 27
  

Did you ask if we had Sports?

Yes, Downtown Long Beach hosts sporting events on a regular basis. This month (July 2008) we have some exciting sporting events:

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Posted on July 05, 2008 23:00:21 by Laurie.Manny

Belmont Heights Condos-Market Report-2008-Long Beach Real Estate Sales

Condo Sales in Belmont Heights are picking up a bit. The availability of lower priced units has todays buyers out shopping. The plethera of available short sale and bank owned condos has brought prices down in Belmont Heights. Smart sellers are pricing their condos to sell instead of chasing the market down, which is never a good idea. Smart buyers are out shopping.

There are currently 51 condos for sale in Belmont Heights.

Average Price: $381,192

Average Days on Market: 106

10 condos in Belmont Heights are in escrow accepting back-up offers.

Average Price: $387,982

Average Days on Market: 58

3 condos in Belmont Heights are currently pending in escrow.

Average Price: $286,633

Average Days on Market: 23

38 condos in Belmont Heights have Sold (closed escrow) in 2008.

Average Price: $391,678

Average Days on Market: 112

2 condos in Belmont Heights are curretly on hold (no showings)

Average Price: $341,500

Average Days on Market: 34

25 Belmont Heights condo owners have cancelled their listings.

Average Price: $461,140

Average Days on Market: 69

3 Belmont Heights condos have withdawn from the market.

Average Price: $547,666

Average Days on Market: 63

24 Belmont Heights condo listings have expired.

Average Price: $422,920

Average Days on Market: 167

1 Belmont Heights condo for sale has been leased.

Contact Laurie to begin your search for your Belmont Heights Condo (562) 212-5420

(562) 212-5420

Posted on June 29, 2008 15:32:00 by Laurie.Manny

Rising housing, gas and food prices are driving people out of their cars and back into town...

The Economy is Hitting Home

The Economic Squeeze

Watch this interesting 2 minute video by ABC News, Diane Sawyer.

Rising housing, gas and food prices are driving people out of their cars and back into town...

The mortgage crisis combined with rising housing costs related to the sub prime crisis are really starting to hit home for many Southern California residents who still commute. With the price of gas now topping $4.50 per gallon at most Southern California stations this is becoming a very serious issue. I drive an SUV (which I still love, sigh...). Yesterday I spent $143 to fill the tank; can you say OUCH?!? That equates to over $600 per month in gasoline for me and I rarely leave the Long Beach area! Looks like I am going to have to think about a smaller, more fuel efficient car pretty soon.

By the way, has anybody else noticed that a tank of gasoline isn't going as far as it did? It seems to be burning up a lot faster these days. I asked a friend who works at one of the refineries about it, he mentioned that they are adjusting the ethanol content in the mix which causes the fuel to burn faster. Gee thanks George W!

Buffalo NY Realtor Colleen Kulikowski has not only noticed less miles per gallon, she reports that Mobil Oil is advertising no ethanol in their mix up in her area.  After experimenting she is seeing a better return on her miles per gallon.  Definately something to consider when deciding where to pump that liquid gold!  Hey Mobil, is that nationwide?  Or just up in Buffalo?

Many homeowners have faced or are facing foreclosure due to adjusting mortgages, which few can afford. This combined with the rising cost of gasoline, food (have you checked out the prices in the supemarkets lately - good grief) and just about everything else has just about everybody rethinking just about everything.

Many homeowners are interested in downsizing their homes, are seeking affordable housing and are moving closer to their places of employment; or are seeking ways to work remotely from home.

Long Beach Real Estate is affordable and beach close.  Oh and by the way, we have better weather down here at the beach.  Cooler in the summer, wamer in the winter.

What are you doing to ease the effects of the economy?

(562) 212-5420

Posted on June 22, 2008 19:04:50 by Laurie.Manny